320 Iliahi St Hilo, HI 96720
Property details
About 320 Iliahi St
Great multifamily rental property with upside potential. Six 1 bedroom unit, fee simple single story apartment building on 1/4 acre lot, connected to sewer. Lava zone 8, just North of Hilo.<br><br>All 6 units are furnished, one is currently vacant for viewing. Each unit has it's own electric meter and hot water heater. 7 parking spaces with additional street parking available. Roof is approx 20 years old. Just a few minutes walk to downtown Hilo with restaurants, shopping, schools and more.<br><br>Current rents: 3 units @ $1,800, 1 unit @ $1,600, 1 unit @ $1,400. All leases are Month-To=Month; all tenants & leases will remain in place through closing.<br><br>Gross income: 2024 $91.5k, 2023 $82k, 2022 $84k.<br><br>Property tax $4,779/year; <br>insurance approx $3k/year; <br>water approx $1,200k/year; <br>sewer approx $1,800/year; <br>common area electric approx $150/month.<br><br>Shower stalls, carpets and drapes all replaced/repaired in 2023. DSL internet and cable TV connected, owner currently pays these expenses in addition to electricity. Coin op washer & dryer on site.<br><br>Don't miss out on this investment opportunity!
Highlights
Summary
- Full Bathrooms: 6
- Total Bedroom Count: 6
- Private Pool: No
- Parking: Unassigned
- List Price: $1,200,000
- Price/SqFt: $502
- Annual Tax Amount: $4,778
- Tax Year: 2024
- Year Built: 1978
- Living Area: 2,388 SqFt
- MLS Number: 720885
- Office Name: Hilo Brokers Ltd
- Office Phone: (808) 936-1877
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$1,200,000
320 Iliahi St
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Price information
Property sales
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Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $408,400 | $4,778 |
| 2023 | $415,400 | $4,860 |
| 2022 | $401,400 | $4,696 |
| 2021 | $262,500 | $3,071 |
| 2020 | $287,600 | $3,364 |
| 2019 | $254,800 | $3,005 |
| 2018 | $256,900 | $3,013 |
| 2017 | $257,600 | $3,013 |
History based on county public records data.
Nearby schools
7
Hilo Union Elementary School
Public District PK-6
0.5 mi
•506 Waianuenue Ave
8
Haaheo Elementary School
Public District PK-6
1.1 mi
•121 Haaheo Rd
4
Chiefess Kapiolani Elementary School
Public District PK-6
1.3 mi
•966 Kilauea Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,033. The majority of Hilo, HI residents have income less than $<35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Figure Skating
NBA/WNBA
Where do the neighbors shop?
Burlington
Family Dollar
Chico's
Where do the neighbors go to eat?
Popeyes
Church's Chicken
Bob Evans
What do the neighbors drive?
Dodge
Cadillac
Oldsmobile
What do the neighbors listen to?
Urban Contemporary
Jazz
News
Frequently asked questions
Living in Hilo, HI
Transportation in Hilo includes a public bus system that connects residents to key areas within the town and surrounding regions. While schedules vary, the bus service provides a reliable option for those without private vehicles. The area is moderately walkable, particularly in the downtown district, where shops and restaurants are concentrated. For longer distances, a network of roads and highways connects Hilo to other parts of the Big Island, and the Hilo International Airport facilitates air travel. Ride-sharing services are available, complementing the existing transportation options.
The community is served by a network of public and private educational institutions, ensuring a range of options for families. Healthcare services are available through local clinics and the Hilo Medical Center, which provides comprehensive care including emergency services. The public library system supports the town's educational and cultural needs. Retail and dining establishments offer a taste of local flavors and crafts, reflecting the diverse cultural influences of Hilo. City initiatives aim to maintain and improve these services to accommodate the needs of a growing population.
Hilo is celebrated for its laid-back atmosphere and rich cultural heritage. The community prides itself on its strong ties to native Hawaiian traditions and the spirit of Aloha. Residents and visitors alike enjoy the town's vibrant festivals, including the renowned Merrie Monarch Hula Festival, which showcases the island's deep cultural roots and artistic expression. The area's natural beauty, with its lush landscapes and nearby waterfalls, contributes to a serene and inviting community character.
Hilo offers a diverse range of housing options, from charming bungalows to spacious contemporary homes. The housing landscape is characterized by a mix of single-family residences and multi-family units, with single-family homes making up a significant portion of the market. Architectural styles reflect the island's unique cultural blend, with influences ranging from plantation-style to modern Pacific designs. The area has seen a range of development periods, with many homes dating back to the mid-20th century, providing a sense of historical charm.
About 320 Iliahi St
This home is located at 320 Iliahi St in Hilo, HI and zip code 96720. This 2,388 square foot home was built in 1978. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since May 11, 2025 and is currently priced at $1,200,000.
The inventory of homes for sale in Hilo, HI between March and April 2025 increased by 11.8%. In April 2025, listings were on the market for 239 days. During the same period, the median list price in this real estate market was $628,500.